Benefits of Web3

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

The next generation of the web, called Web3 seeks to decentralize the internet and give control back to the users.

This brings several benefits to content creators using the internet.

Here are some examples:

The current web lets anyone copy anything and share it with others.

This provides no compensation for the creators.

Web3 through NFT or non-fungible tokens prevents copying and distributing content and installs a payment mechanism for their work.

Web2 used the advertising model almost exclusively.

Web3 will enable other business models and will allow content creators to capture more of their share of the revenue.

New payment mechanisms will let content creators raise investment funding for their work rather than donations.

This provides a greater revenue opportunity for the content creator.

Tokenization lets every creator earn a share of the revenue unlike current ad models that reward only the most popular.

Finally, Web3 gives the user control of their data and content rather than the platform.

Content creators can move to other platforms and take their data with them.

This gives them the power to negotiate better terms and greater revenues.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

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